Bloomberg Exxon Mobil Corp said that it would slash its capital expenditures by $10 billion, to about two-thirds of what it had planned just a month ago. It’s the second-largest capex cut in the company’s modern history, according to Bloomberg News. While those capex cuts are in the future, oil production dynamics are changing in real time. Rystad Energy analysis …

Bloomberg More than a third of new US electricity generation expected to come online over the next six months could hit roadblocks as the coronavirus pandemic curbs power consumption and disrupts supply chains. About 4.9 gigawatts, or 39%, of new utility-scale capacity will be “either cancelled or indefinitely postponed” from April through September, said Energy Information Administration economist Tyler Hodge. …

Bloomberg Global stocks began the week on the back foot as investors readied for the start of an earnings season marked by unprecedented uncertainty over the corporate impact of the coronavirus pandemic. Oil pared earlier gains after a historic deal to cut output. Futures on the three main US equity indexes all dropped, while stocks fell in Asia’s main financial …